Russell Investments Group Ltd. Acquires 70,611 Shares of Columbia Sportswear Company $COLM

Key Points

• Russell Investments Group Ltd. increased its stake in Columbia Sportswear Company by an astonishing 1,352.7%, now owning 75,831 shares valued at approximately $5.74 million.
• Columbia Sportswear reported a quarterly revenue of $605.25 million, exceeding estimates and representing a 6.1% year-over-year growth.
• The company is set to pay a quarterly dividend of $0.30 per share, reflecting an annualized yield of 2.2%.

Russell Investments Group Ltd. lifted its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 1,352.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,831 shares of the textile maker's stock after purchasing an additional 70,611 shares during the period. Russell Investments Group Ltd. owned about 0.14% of Columbia Sportswear worth $5,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COLM. Deutsche Bank AG lifted its stake in Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after buying an additional 141 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Columbia Sportswear by 4.8% in the 1st quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock worth $397,000 after purchasing an additional 241 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Columbia Sportswear by 8.3% in the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock worth $273,000 after purchasing an additional 276 shares in the last quarter. Principal Financial Group Inc. raised its position in Columbia Sportswear by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock valued at $5,587,000 after buying an additional 324 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in Columbia Sportswear by 1.3% in the 1st quarter. GHP Investment Advisors Inc. now owns 27,581 shares of the textile maker's stock valued at $2,088,000 after buying an additional 360 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

COLM stock traded down $0.86 during midday trading on Tuesday, hitting $54.54. The stock had a trading volume of 660,242 shares, compared to its average volume of 791,012. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 13.91 and a beta of 1.00. The business has a 50-day moving average of $58.04 and a two-hundred day moving average of $66.88. Columbia Sportswear Company has a 52-week low of $48.10 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.09. The company had revenue of $605.25 million for the quarter, compared to analysts' expectations of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) earnings per share. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. Research analysts predict that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 21st. Columbia Sportswear's payout ratio is 30.61%.

Analysts Set New Price Targets

COLM has been the topic of a number of recent analyst reports. Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Friday, May 30th. They set a "hold" rating on the stock. Citigroup cut their price target on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Stifel Nicolaus cut their target price on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, August 1st. UBS Group cut their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Friday, August 1st. Finally, Barclays dropped their price target on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $60.80.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.